FX.co ★ Philippines Sees Slight Dip in Core CPI as September 2024 Figures Released

The Core Consumer Price Index (CPI) in the Philippines registered a subtle decrease as new figures for September 2024 indicate a reading of 2.4%, according to data updated on October 4, 2024. This marks a slight decline from the previous month's figure of 2.6% recorded in August 2024.

This core inflation metric, which strips out volatile items such as food and energy prices, suggests a gradual easing in underlying price pressures in the Philippine economy. The decrease reflects a comparison of the change for the specified month against the same month in the prior year, with the most recent reading showing a notable softening in price dynamics.

This decline may signal a potential relief to Filipino consumers as well as a data point of interest for economic policymakers and observers monitoring the country’s inflationary trajectory. With the current trend, the focus now turns to how the Central Bank of the Philippines might respond to evolving economic conditions in their upcoming policy reviews.